Rickmers Maritime Trust (RMT) has been given a deadline of 15 April to present a revised restructuring plan by HSH Nordbank.
The German bank is said to want to see a concept that “ensures a higher level of total recoveries than under a trust winding-up scenario”.
RMT said it was in on-going discussions with the bank, but added that HSH Nordbank had not accepted any specific proposal for debt forgiveness.
RMT
